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Boltons converting and having issues with the convert holders. Not looking good.
Haha then why did they take out $820k+ in convertible debt?
Will the 10Q even be filed? Starting to look like unlikely. What are you expecting to change as reason for your bullish outlook?
Down 50% today at 1:30PM
Enjoy....
Could BVTK go no bid on the next round of debt conversions?
Its a possibility...
We shall see...
The majority of that is related to the Series E share that Tommy gave to himself valued at $2.3M to forgive $25k in accrued pay. Hopefully the IRS is aware of this transaction and it is taxed properly.
I wonder if Tom doesn't file, lets it go delinquent, and jump to Darkpulse full time. Let the Boltons and convert holders "figure it out".
Liquidity drying up and setting up nicely for convert holders to dump into. Some of the convert holders are going to be issued stock at $.00006. Nice little profit if they can get out at $.0001 or $.0002.
2018 has been a total disaster for everyone involved. Hope no one pitched this stock to family members last year during the holidays. Going to make an awkward Thanksgiving dinner tomorrow.
Best of luck and happy holidays!
8K amended filed with updated 2016/2017 financials. $0 revenue in both years. A demand for $35,000 was made by Bravatek for software services.
Yikes.
Its most likely not mom and pop shareholders but the convert holders who get an automatic 40% discount and are making a profit off of your losses. They don't care what the stock price is (actually the lower the better) as long as there is liquidity to dump them into.
Penny stock 101.
I think it will go no bid before the RS. $.0002s are almost mined out and no one has been hitting the ask in any size.
I don't think they have ever had earnings as the company is a cash burner. Sad to say that this round is over and has been for a long time. Once it got caught in the convertible debt death spiral there was no hope.
IMO buying to try to flip is lighting hundred dollar bills on fire. A tough lesson for a lot of people here. Very sad.
At $1.00 to $3.00 he is going to get conversion letters so fast the OS is going to go from 1M to 100M in a blink. Convert holders are smelling a dead animal and don't want to be the last one to turn the lights when it goes no bid again.
I am sure you know all of this already. Its penny stock convertible debt 101.
I wonder what the personal tax implications are on that transaction. I plan to forward it to the IRS so they are aware.
Its hindsight justification for his terrible leadership IMO. The FINRA should send his Reverse split request into the shredder just like they did with the S-1 asking him to withdraw it. Should have been halted and delisted long ago. IMO this thing is nothing more than a washing machine for convertible debt.
Haha that 8K just filed is hilarious.
Anyone who knew basic finance and read the financial statements / notes had a pretty good idea that the reverse was going to wipe everyone out (again). I am not sure why anyone is surprised or shocked.
Well there it is. Pre 14C filed for a 1:10,000 stock split without reducing the AS. Nice work Tommy boy!
Wonder if $.0003s going to get tapped out before the Q3 10Q hits. Aggressive seller hitting $.0004 every time a bid is there.
Not looking good IMO. Tommy needs to get this thing moving in the other direction and fast!
IMO no. Also what would be a good Q3 Report? Tom is way behind on his 2018 revenue guidance with little time to go. Corporate communications has essentially stopped.
The trading today looks like the convert holders are taking a break until the next round of conversions hit. They might let it run back up a few ticks until squashing it back down with more conversion shares.
15 milly sell on the bid right behind it!!!
Uh oh. $.0003 getting slapped. Seen a 10M and 14M block hitting the bid. 55M now sitting at $.0004 and 172M at $.0003.
Tommy needs some real news to stop the bleeding.
S-1 Filed for 1B shares available to be issued to Triton. Shares to be issued at 25% discount.
FWIW New Article of Amendment just filed in Colorado increasing the AS to 11.6B. Should see new SEC filings shortly.
Not the news I was looking for Tommy Boy.
$.0004s bid now wiped out. $.0003s on deck. Tommy Boy needs some real news fast.
$.0004 getting sold into hard. Only 27M left.
$.0005s gone on heavy volume. $.0004s up next. Aggressive seller so far this morning.
I would rather cut my unit off than try to flip this stock.
Possibly, but with hundreds of millions in potential shares to be converted does strong hands even matter?
IMO no bid then reverse split on the way. Need some real news and to resolve the convertible debt.
Also a nice 10M share dump at $.0006. IMO convert seller wants out and that $.0006 40M share bid is not going to last long. $.0005s and $.0004s quickly on deck.
Tommy Boy with a weak facebook pump attempt yesterday. Getting a little sad IMO. Need some real news.
Not Tom, hes been radio silent. Convert holders took pressure off, let it run a little bit and then slam it down with fresh new converted shares at 40% discounts.
They did the same thing a few months back. Was stuck at .0013, took pressure off and it ran to .0019. Everyone thought it was going to break higher and boom, here comes a wave of selling.
End game is still the same. No bid and then reverse split to wipe out the common shareholders.
Best of luck.
Someone back to dumping $.0008s. IMO the mini run was setup to dump more convertible shares at a handsome profit.
Need some news from Tommy as it seems he has gone dark lately.
8k filed for more convertible debt. What a joke.
But it does make sense. He would have to massively increase the AS as it is nearly maxed already and does not have enough room for the convertible debt + Boltons preferred. A conventional financing of stock + warrants still needs room with an AS increase. Also who is going to fund a conventional financing with so much convertible debt on the books with a trips stock price. Would you loan this company your money if given the chance? Why does TC own only a few hundred bucks worth of common stock?
IMO its taking so long because it doesn't exist. Good chance the 3Q 10Q is going to show another round of convertible debt taken on.
I will give TC credit in keeping this above no bid for so long and the dream alive.
Just my educated opinions.
So TC is very careful in saying more conventional financing. What exactly does that mean? They have barely any assets to pledge as collateral in any straight secured debt financing and someone would have to be crazy to do a stock + warrant financing. Any financing would also likely be contingent on a reverse split which would wipe out the current common holders.
Without any recent 8Ks disclosing a financing, I would bet he has stuffed more convertible debt into this company. With his minimal ownership interest I would not be surprised if TC resigns and moves to Darkpulse fulltime and let the Boltons take over.
With over a million dollars in convertible debt the cheapies are likely never to be gone. IMO treading water until the next convertible round dump.
Tommy Boy needs some real news.
$.0006s getting dumped hard today. Support almost gone. Tommy Boy needs some real news and quick.
Not good IMO.
$.0007s support gone, $.0006s on deck. Come on Tommy Boy. Need actual news instead of Facebook support group postings.
Bunch of BS!
$.0007s getting sold hard so far. Wonder if we are seeing more convertible debt shares hit the market.
Agreed! Unfortunately its the opposite of allowance/granted which longs were looking for.
Sorry.
Patent Application Status just updated:
Another Rejection. Good try though.